Similar Search Results

A theoretical analysis of public procurement for innovation

Hwang, Sunjoo - In: KDI-journal of economic policy 46 (2024) 2, pp. 21-43

This paper provides a new theoretical rationale for public procurement for innovation (PPI), a unique policy encouraging public procurers to purchase innovative products. In contrast to existing studies that primarily emphasize the advantages of PPI, this paper takes a comprehensive approach,...

Persistent link: https://www.econbiz.de/10014574062

Experimentation and Signal Dampening in Agency--The Ratchet Effect Revisited

Jeitschko, Thomas D.; Mirman, Leonard J.; Salgueiro, Egas M. - 1999

The dynamics of incentive contracts under asymmetric information have long been an important topic in economics. We address this topic in this paper by considering a stochastic, two-period principal-agent relationship, in which the true state of the world can take on two possible values and is...

Persistent link: https://www.econbiz.de/10014202378

Assigning Tasks in Public Infrastructure Projects : Specialized Private Agents or Public Private Partnerships?

Morasch, Karl; Toth, Rita Orsolya - 2013

How should the different tasks in an infrastructure project be allocated to private and public agents, respectively? Traditionally, building the physical asset is assigned to private partners whereas financing and operation are carried out by the public sector. But even if building, operation,...

Persistent link: https://www.econbiz.de/10014211142

Economic Integration and Corruption : The Corrupt Soul of the European Union

Ganuza, Juan-José; Hauk, Esther - 2000

We study the link between corruption and economic integration. We show that if an economic union establishes a common regulation for public procurement, the country more prone to corruption benefits more from integration. However, if the propensities to corruption are too distinct, the less...

Persistent link: https://www.econbiz.de/10014151597

Monopsony Problems with Court-Appointed Counsel

Stevenson, Drury D. - 2014

results; one example is the provision of indigent defense in criminal cases. Monopsony theory would predict all the problems … on. More disheartening is that monopsony theory would predict that these effects would be inevitable, regardless of the … budget the government allocates for indigent defense. Despite this pessimistic prediction, monopsony theory offers a useful …

Persistent link: https://www.econbiz.de/10014153427

Corruption and Competition in Procurement

Celentani, Marco; Ganuza, Juan-José - 2002

We consider a procurement problem in which the procurement agent is supposed to allocate the realization of a project according to a competitive mechanism that values bids in terms of the proposed price and quality. Potential bidders have private information about their production costs. Since...

Persistent link: https://www.econbiz.de/10014155034

Collusion and Competition from a State and Market Perspective

Sanchez-Graells, Albert - 2013

This paper indentifies the two-dimensional relationship that procurement and competition keep. From a ‘market’ perspective, public procurement needs to take place in an environment free from collusion between tenderers, or bid rigging. Public buyers only can achieve value for money if...

Persistent link: https://www.econbiz.de/10014160344

Impact of Public Procurement Aggregation on Competition : Risks, Rationale and Justification for the Rules in Directive 2014/24

Sanchez-Graells, Albert; Herrera Anchustegui, Ignacio - 2014

This paper assesses the risks, rationale and justification for the rules on centralisation and aggregation of public procurement in Directive 2014/24. The paper explores the justifications advanced for the aggregation of purchasing and the countervailing risks it generates. In both cases, it...

Persistent link: https://www.econbiz.de/10014140026

Fostering Participation in Competitive Procurement

Albano, Gian-Luigi; Dimitri, Nicola; Perrigne, Isabelle; … - 2006

A seminal result in the theory of competitive bidding holds that the buyer can lower the expected awarding price of a …

Persistent link: https://www.econbiz.de/10014058807

Division in Lots and Competition in Procurement

Grimm, Veronika; Pacini, Riccardo; Spagnolo, Giancarlo; … - 2006

Division in lots is one of the procurer's most crucial decisions. The number and the size of lots directly influences competition in the tendering process and thereby the procurer's budget and the quality of supply. This paper focuses on the effects the division of procurements into multiple...

Persistent link: https://www.econbiz.de/10014058808